Chicago IL Foreclosure Trends for August 2014

In August, the number of properties that received a foreclosure filing in Chicago, IL was 2% lower than the previous month and 14% lower than the same time last year, according to RealtyTrac.com.

Chicago IL Foreclosure Activity

In August, the number of Auctions increased 3.3% from the previous month and decreased 6.0% from the previous year. Bank-owned properties decreased 0.8% from the previous month and 18.3% from the previous year. Pre-foreclosures decreased 7.3% from the previous month and 20.6% from the previous year.

chicago il foreclosure
Chicago IL Foreclosure Geographical Comparison

Chicago IL foreclosures were 0.04% higher than national statistics,0.01% higher than Illinois figures, and 0.02% lower than Cook County numbers in August.

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Chicago IL Foreclosure Status

The current distribution of foreclosures based on the number of active foreclosure homes in Cook County, IL.

In August, Pre-foreclosures accounted for 33.6% of the foreclosures activity, Auctions accounted for 41.4%, and Bank-owned properties 24.9%.

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Are you or someone you know behind on mortgage payments? There are options to Chicago IL foreclosures. A short sale may be the answer to saving you, your family and your credit. Contact us for a private consultation. We can help!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

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